I would have loved to see IPCI management buy the offerings... But they did not.
Issuing warrants to the management AND not making too much noise about it is quite common when someone needs the board behind an offering.
If management is given warrants for free and next day someone will offer some decent amount of money for buying them away, it makes a hard decision much easier to make.
Having warrants is getting sales price without buying first.
B.T.W It's us. The share holders. We pay the money management get selling these warrants. We and our money is used to get management behind the "generous offer".
wim, you are correct here. The only reason those names showed up is because they all had to sign off on the SEC filing. they were merely there as signatory to the document. The person or group who purchased the 2nd offering just executed on the warrants. at least some of them at the 60 cent execution price. the second offering had no time restraint.
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